Single-Family Home Sales Slightly Down In October

Posted by Orb Staff on November 28, 2012 No Comments
Categories : Residential Mortgage

12818_87452176 Single-Family Home Sales Slightly Down In October Sales of new single-family houses in October were at a seasonally adjusted annual rate of 368,000, according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 0.3% below the revised September rate of 369,000, but is 17.2% above the October 2011 estimate of 314,000.

The median sales price of new houses sold in October was $237,700; the average sales price was $278,900. The seasonally adjusted estimate of new houses for sale at the end of October was 147,000. This represents a supply of 4.8 months at the current sales rate.

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